If, in response to an increase in the price of pineapples, the quantity of pineapples demanded decreases, economists would describe this as
A) an decrease in demand. B) a decrease in quantity demanded.
C) a decrease in consumers' taste for pineapples. D) a change in consumer income.
B
Economics
You might also like to view...
Which of the following is an example of a Pigovian tax?
A) a tax imposed on a utility that internalizes the cost of externalities caused by the utility B) payments by utilities to obtain tradable emission allowances C) payments for licenses to pollute D) a payroll tax
Economics
The endogenous variable in the aggregate supply curve is ________
A) output B) the real interest rate C) inflation D) planned expenditure E) none of the above
Economics